Crypto M - Crypto News

🚀 Philippines to Offer Fuel Subsidies Amid Iran Conflict Fallout The Philippine government is set to provide fuel subsidies to public transport drivers starting next week. Bloomberg posted on X that this initiative is part of the country's efforts to mitigate the ongoing impact of the conflict in Iran. The subsidies aim to alleviate the financial burden on drivers affected by rising fuel costs due to the geopolitical tensions. This move is expected to support the public transport sector, which has been struggling with increased operational expenses. The government has not specified the duration or the total amount allocated for these subsidies. #Philippines#FuelSubsidies#IranConflict#PublicTransport#Geopolitics#EnergyPrices#GovernmentSupport

🚀 TradeXYZ Sees Decline After Surge in Trading Volume On April 9, according to BlockBeats, data from DefiLlama indicates that the trading volume of the HIP-3 ecosystem project TradeXYZ, which doubled the previous day, has now decreased. Hyperliquid's overall trading volume has also fallen below $10 billion, with 45.7% of its volume originating from TradeXYZ's traditional market. EdgeX ranks second in trading volume. The current rankings for major Perp DEX trading volumes are as follows: Hyperliquid: 24-hour trading volume is approximately $9.54 billion, with open contract volume around $7.25 billion. TradeXYZ: 24-hour trading volume is about $4.36 billion, with open contract volume around $1.69 billion. EdgeX: 24-hour trading volume is approximately $2.30 billion, with open contract volume around $1.03 billion. Aster: 24-hour trading volume is about $1.92 billion, with open contract volume around $1.87 billion. Lighter: 24-hour trading volume is approximately $1.82 billion, with open contract volume around $688 million. Pacifica: 24-hour trading volume is about $471 million, with open contract volume around $77.24 million. #TradeXYZ#DefiLlama#Hyperliquid#PerpDEX#CryptoTrading#EdgeX#Aster#Lighter#Pacifica#TradingVolume#CryptoMarket

🚀 Axis Launches Synthetic Dollar USDx in Private Testing Phase Axis, a quantitative yield protocol, has announced the introduction of its synthetic dollar, USDx, and completed its initial minting valued at $10 million. According to Foresight News, the USDx is currently in the private testing phase. Following the minting process, USDx has been deployed to Axis's market-neutral arbitrage engine, which spans over 40 trading venues. This deployment aims to provide liquidity and capture market spread opportunities. #Axis#SyntheticDollar#USDx#PrivateTesting#QuantitativeYield#Arbitrage#MarketNeutral#Liquidity#Trading#ForesightNews

🚀 Binance to Enhance VIP Loan Services with New Fixed Rate Options According to the announcement from Binance, the platform is set to enhance its VIP Loan services starting from 2026-04-09 08:00 (UTC). This update will allow users to borrow Fixed Rate Loan orders directly from the VIP Loan page, offering a more seamless borrowing experience. The new feature aims to provide users with additional fixed rate options while benefiting from an extensive list of collateral assets available under the VIP Loan program. The key updates include the introduction of additional liquidity from Fixed Rate Loans. Users will now have the ability to borrow Fixed Rate Loan orders directly from the VIP Loan page, in addition to the standard VIP Loan fixed rates. This update also introduces streamlined batch borrowing, enabling users to borrow multiple Fixed Rate Loan orders in one batch. Furthermore, the service will support multi-collateral pledging, allowing users to use multiple asset types as collateral for a single loan. This offers a wider range of eligible collateral compared to standard Fixed Rate Loans. Additionally, the update provides flexibility at maturity. When the loan term ends, users can choose to auto-repay, repay early, or convert to a Flexible Rate loan to continue borrowing seamlessly. Binance VIP Loan is designed as a large personal and institutional over-collateralized loan service, offering competitive rates, terms, and services. It aims to unlock greater potential for users in objectives such as increased liquidity for long-term investment funds, leveraged trading, and hedging strategies. Users are advised to monitor their loan-to-value (LTV) ratios closely to avoid potential liquidations or losses due to changes in collateral ratios. Binance emphasizes that it is not responsible for any losses incurred if users fail to adjust their collateral while using Binance Loans products. #Binance#VIPLoan#FixedRateLoan#CollateralAssets#BatchBorrowing#MultiCollateral#LoanRepayment#Liquidity#LeveragedTrading#HedgingStrategies#LTVRatio#CryptoLoans

🚀 Allwinner Technology Projects Significant Profit Growth for Q1 2026 Allwinner Technology has announced its financial projections for the first quarter of 2026, expecting net profits attributable to shareholders to range between 1.95 billion yuan and 2.2 billion yuan. According to Jin10, this represents a year-on-year increase of 112.99% to 140.30%. Excluding non-recurring gains and losses, net profits are projected to be between 1.9 billion yuan and 2.16 billion yuan, marking a growth of 238.21% to 284.49% compared to the same period last year. During the reporting period, the company adjusted its product sales prices in response to rising costs of upstream raw materials and packaging. Additionally, Allwinner Technology has been actively expanding its product lines and promoting the mass production of new products. The anticipation of price increases has also led downstream customers to increase their stockpiling. These factors have contributed to an approximate 45% year-on-year growth in operating revenue, which in turn has driven the increase in net profits. #AllwinnerTechnology#ProfitGrowth#Q12026#FinancialProjections#RevenueIncrease#NetProfit#TechnologyIndustry#BusinessGrowth

🚀 Wall Street Continues to Develop Bitcoin Products Despite Market Slump Wall Street remains active in creating Bitcoin-related financial products, even as the cryptocurrency trades significantly below its peak values. Bloomberg posted on X, highlighting the ongoing interest and investment in digital currency offerings by major financial institutions. Despite the current market downturn, these firms are betting on the long-term potential of Bitcoin and other cryptocurrencies. This trend underscores the persistent belief in the future of digital assets, as companies continue to innovate and expand their crypto-related portfolios. #WallStreet#Bitcoin#Cryptocurrency#DigitalAssets#FinancialProducts#Investment#CryptoMarket#MarketTrends#BTC

🚀 Analyst Predicts Potential Altcoin Rally as Russell 2000 Nears All-Time High Crypto analyst Bird suggests that the Russell 2000 approaching a new all-time high might indicate a forthcoming rally in XRP and other altcoins. According to NS3.AI, Bird noted that similar market conditions in November 2021 and November 2024 were associated with increased capital inflow into cryptocurrencies, reduced Bitcoin dominance, and heightened expectations for regulatory clarity. #AltcoinRally#Russell2000#XRP#Cryptocurrency#BitcoinDominance#MarketConditions#RegulatoryClarity#CapitalInflow#BTC

🚀 WTI Crude Oil Futures Surge by 5% in Daily Trading WTI crude oil futures experienced a significant increase of 5% in daily trading, reaching a price of $99.14 per barrel. According to Odaily, this rise reflects ongoing volatility in the global oil market. The surge comes amid fluctuating supply and demand dynamics, influenced by geopolitical tensions and economic factors. Traders are closely monitoring these developments as they impact oil prices worldwide. #WTI#CrudeOil#Futures#OilPrices#GlobalMarket#Geopolitics#EconomicFactors#Volatility#SupplyDemand

🚀 Large Ethereum Short Position Closed, Causing Brief Price Surge On April 9, a significant Ethereum short position was closed on Hyperliquid, leading to a temporary price increase. According to BlockBeats, monitoring data from Hyperinsight revealed that the top four short addresses, including 0x4a2, closed their positions in a single transaction. This action resulted in a brief price surge at the 15-minute level. The closure involved 15,000 ETH, valued at approximately $32.94 million, with a closing price of $2,196 per ETH. The transaction recorded a profit of about $260,000. #Ethereum#ShortPosition#PriceSurge#Hyperliquid#Hyperinsight#ETH#Crypto#BlockBeats#ETHPrice#Cryptocurrency#MarketMovement#Profit

🚀 Czech Central Bank Increases Gold Reserves to 76.6 Tons As of the end of March 2026, the Czech Central Bank's gold reserves have reached nearly 77 tons, specifically 76.6 tons, according to data from the Czech Central Bank. According to Jin10, the World Gold Council reported that in February, the Czech Central Bank's gold reserves were approximately 75 tons, indicating an increase of 2 tons in February. The Czech Central Bank aims to increase its gold reserves to 100 tons by 2028. #CzechCentralBank#GoldReserves#Gold#MonetaryPolicy#Finance#Economy#PreciousMetals

🚀 USDC Holders May Face End of 4% Earnings Amid Legislative Push PANews posted on X (formerly Twitter) that the days of earning a 4% return by holding USDC might be coming to an end. The American Bankers Association (ABA) has reportedly spent $56.7 million lobbying for the passage of the 'Clarity Act.' The primary aim of this legislation is to prevent users from obtaining returns similar to government bonds through stablecoin holdings. The banking sector's main concern is that if stablecoins can offer an annualized return of 4% to 5%, it could potentially impact up to $1.5 trillion in retail deposits. #USDC#Stablecoin#ClarityAct#AmericanBankersAssociation#CryptoRegulation#CryptoEarnings#BankingSector#Legislation#RetailDeposits

🚀 Zimbabwe's Gold Trade Remains Stable Amid Middle East Tensions, Says Deputy Finance Minister Zimbabwe's Deputy Finance Minister, Kudakwashe Mnangagwa, stated that despite ongoing conflicts in the Middle East, Zimbabwe's gold trade continues to flow smoothly through the region. According to Jin10, when asked about potential disruptions, Mnangagwa mentioned that no warnings or concerns have been received from Fidelity Printers and Refineries, the country's gold refiner. He added that all institutions are closely monitoring the situation, and trade remains uninterrupted. Last month, the Zimbabwe National Chamber of Commerce warned that escalating tensions in the Middle East could pose risks to the country's gold exports, which are primarily destined for the United Arab Emirates. #Zimbabwe#GoldTrade#MiddleEastTensions#Finance#Exports#Economy#XAUT